Liberum Capital restated their buy rating on shares of Balfour Beatty (LON:BBY) in a report issued on Monday, ThisIsMoney.Co.Uk reports.
Several other equities research analysts have also recently issued reports on BBY. UBS Group reaffirmed a buy rating and set a GBX 340 ($4.47) price target (down from GBX 360 ($4.74)) on shares of Balfour Beatty in a research note on Monday, December 16th. Jefferies Financial Group reaffirmed a hold rating on shares of Balfour Beatty in a research note on Wednesday, February 5th. Peel Hunt reaffirmed a buy rating on shares of Balfour Beatty in a research note on Monday, February 3rd. Finally, Berenberg Bank reaffirmed a buy rating on shares of Balfour Beatty in a research note on Friday, January 24th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Balfour Beatty has a consensus rating of Buy and a consensus price target of GBX 333.75 ($4.39).
Balfour Beatty stock opened at GBX 274.82 ($3.62) on Monday. Balfour Beatty has a 12-month low of GBX 192.30 ($2.53) and a 12-month high of GBX 295.80 ($3.89). The stock has a market capitalization of $1.89 billion and a P/E ratio of 17.07. The firm’s 50-day moving average is GBX 263.68 and its two-hundred day moving average is GBX 234.11. The company has a debt-to-equity ratio of 72.73, a current ratio of 0.94 and a quick ratio of 0.88.
In related news, insider Leo Quinn acquired 13,322 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were acquired at an average cost of GBX 226 ($2.97) per share, for a total transaction of £30,107.72 ($39,605.00). Also, insider Anne Drinkwater acquired 4,500 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were bought at an average price of GBX 260 ($3.42) per share, for a total transaction of £11,700 ($15,390.69). Over the last quarter, insiders have bought 18,005 shares of company stock worth $4,225,821.
Balfour Beatty Company Profile
Balfour Beatty plc finances, designs, develops, builds, and maintains infrastructure in the United Kingdom, the United States, and internationally. It operates through Construction Services, Support Services, and Infrastructure Investments segments. The Construction Services segment provides civil engineering, building, ground engineering, mechanical and electrical installation, refurbishment and fit-out, and rail engineering services.
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